Are you overspending?

ShoppingWe can all go through periods where more money is needed whether we’re hosting guests for an extended period of time, going on a trip or about to make a large payment such as investing in a property or paying a tuition fee. However, when does that line become blurred with the notion of consistent overspending?

Here are some tell-tale signs that you are regularly overspending:

  1. You don’t feel confident to make purchases in full on debit or in cash.
  2. You are only able to make minimum payments on bills.
  3. You have no “cash float” or set amount of money in your bank account.
  4. You are living paycheque to paycheque.
  5. You use your credit card for even small things.
  6. You own many things that are hardly used or completely unused.
  7. You find yourself needing to borrow money though you are working.
  8. Even on pay-days, your bills cannot be paid in full.

Do you find yourself guilty of this offense?